2024 Outlook: What Greater Boston Homeowners Can Expect

2024 Outlook: What Greater Boston Homeowners Can Expect

As we enter 2024, the 'wait and see' era of 2023 is evolving. In Cambridge and Newton, we are seeing a strategic shift as buyers and sellers adapt to the 'new normal' of interest rates.

Key Predictions

Stabilizing Rates: With the Fed hinting at pivots, we expect more inventory to unlock as the 'lock-in effect' for sellers begins to thaw. The Quality Premium: Move-in ready homes in Wellesley and Belmont will continue to see record-breaking prices, while 'fixers' may see more negotiation room. Inventory Growth*: Expect a 10-15% uptick in listings compared to last year's historic lows.

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